NOT LISTED FOR SALE

Estimated Value: $578,714 - $660,000

8 Beds
-- Bath
3,618 Sq Ft
$172/Sq Ft Est. Value

Last Sold October 22, 2021

Last sale price $525,000 $145 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $3,336/month

6 Days on Market

Highlights

  • Private Pool
  • Cooling Available
  • Heat Pump System
  • Wood Flooring
  • Community Playground

About This Home

As of October 2021

DON'T WAIT...TAKE A LONG LOOK AT THIS ONE. Excellent location-corner lot at the W edge of the subdivision. LARGE LOT-9136 sqft ...other units avg between 6000 and 6500 sqft.. Owner lived in one of the units until earlier this year. At this time all 4 units are occupied and tenants pay rent on time. HOA is 709.50/mo and includes water/sewer/trash, community pool and landscaping. Tenants pay for their own electricity. 4 covered parking spots. (Unit103) 3bed/3bath approx 1100 sqft *new kitchen (Unit203) 2bed/2bath appox 900 sqft (Unit102) 1bed/1bath approx 700sqft (Unit101) 2bed/1.5 bath approx 900sqft. All units have been partially udated and painted. EXCELLENT INVESTMENT! DRIVE BY ONLY. DO NOT DISTURB TENANTS.

Last Agent to Sell the Property

Jeannie Johnson-Bourdos

HomeSmart License #SA647476000 Listed on: 09/26/2021

HomeSmart

Last Buyer's Agent

Nure Elatari

eXp Realty License #SA689252000

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,398

Year Built

  • Built in 1982

Home Design

  • Wood Frame Construction
  • Foam Roof
  • Stucco

Flooring

  • Wood
  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 2 Open Parking Spaces
  • 6 Parking Spaces
  • 4 Covered Spaces

Pool

  • Private Pool

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 48
  • Assessor Parcel Number 214-39-076

Community Details

Overview

  • 4 Units
  • Building Dimensions are 9,139
  • Greenway Manor Subdivision

Recreation

  • Community Playground
  • Heated Community Pool

Building Details

  • Operating Expense $9,912
  • Gross Income $36,480
  • Net Operating Income $17,433

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,398

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Cross Street: 29th Street/Greenway
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1982
  • Tax Year: 2021
  • Subdivision Name: GREENWAY MANOR
  • Construction:Wood Frame: Yes
  • Community Features Play Area: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl, Wood
  • Appliances: Free-Standing Range, Dishwasher, Refrigerator, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Community Features:Pool2: Yes

Exterior Features

  • Pool Private: Yes
  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Wood Frame, Painted, Stucco
  • Roof: Foam

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Add'l Parking Avail, 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 6.0

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Electric, Heat Pump, Individual
  • Heating: Individual, Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Other, See Remarks
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: Play Area, Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Schools

  • Junior High Dist: Paradise Valley Unified District

Lot Info

  • Lot Size: 9,139
  • Additional Parcels: No
  • Parcel #: 214-39-076

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 4
  • Annual Gross Income: 36480.0
  • Property Net Operating Income: 17433.0
  • Annual Operating Expense: 9912.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1398.0
  • Tax Book Number: 214.00
  • Tax Lot: 48

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 26, 2021
Closed on
Oct 15, 2021
Sold by
Brown Ulrich I
Bought by
Dorem Llc
Seller's Agent
Jeannie Johnson-Bourdos
HomeSmart
Buyer's Agent
Nure Elatari
eXp Realty
List Price
$530,000
Sold Price
$525,000
Premium/Discount to List
-$5,000
-0.94%
Current Estimated Value
$620,679

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$95,679
Avg. Annual Appreciation
4.02%
Original Mortgage
$472,500
Outstanding Balance
$430,876
Interest Rate
2.8%
Mortgage Type
Construction
Estimated Equity
$189,803

Purchase Details

Listed on
Jul 2, 2015
Closed on
Sep 15, 2015
Sold by
Hostetler Samuel
Bought by
Brown Ulrich I
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Jeannie Johnson-Bourdos
HomeSmart
List Price
$189,000
Sold Price
$180,000
Premium/Discount to List
-$9,000
-4.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.18%
Original Mortgage
$183,870
Interest Rate
3.9%
Mortgage Type
VA

Purchase Details

Closed on
Dec 4, 2008
Sold by
Wells Fargo Bank National Association
Bought by
Hostetler Samuel

Purchase Details

Closed on
Apr 25, 2008
Sold by
Pounds James E and Pounds Shelon E
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Jan 25, 2006
Sold by
Pounds James E and Pounds Shelon E
Bought by
2802 E Marconi Llc

Purchase Details

Closed on
Nov 7, 2005
Sold by
Bliven Investments Llc
Bought by
Pounds James E and Pounds Shelon E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Interest Rate
3%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Aug 25, 2005
Sold by
Paradise Urban Investments Llc
Bought by
Bliven Investments

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$13,125,000
Interest Rate
5.64%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 7, 2004
Sold by
Paradise Club Llc
Bought by
Paradise Urban Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$11,257,450
Interest Rate
6.06%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Dorem Llc $525,000 American Title Svc Agcy Llc
Brown Ulrich I $180,000 Chicago Title Agency
Hostetler Samuel $161,000 Chicago Title
Wells Fargo Bank Na $243,450 None Available
2802 E Marconi Llc $380,000 None Available
Pounds James E $380,000 Tsa Title Agency
Bliven Investments $17,300,000 --
Paradise Urban Investments Llc $12,100,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dorem Llc $472,500
Previous Owner Brown Ulrich I $183,870
Previous Owner Pounds James E $304,000
Previous Owner Bliven Investments $13,125,000
Previous Owner Paradise Urban Investments Llc $11,257,450
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/22/2021 10/22/21 Sold $525,000 -0.9% $145 / Sq Ft
09/30/2021 09/30/21 Pending -- -- --
09/24/2021 09/24/21 For Sale $530,000 +194.4% $146 / Sq Ft
09/17/2015 09/17/15 Sold $180,000 -4.8% $50 / Sq Ft View Prior Sale
07/31/2015 07/31/15 Pending -- -- --
07/02/2015 07/02/15 For Sale $189,000 -- $52 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,477 $14,449 -- --
2024 $1,408 $13,761 -- --
2023 $1,408 $40,960 $8,190 $32,770
2022 $1,394 $28,070 $5,610 $22,460
2021 $1,398 $24,380 $4,870 $19,510
2020 $1,355 $21,530 $4,300 $17,230
2019 $1,357 $18,680 $3,730 $14,950
2018 $1,312 $16,320 $3,260 $13,060
2017 $1,258 $15,350 $3,070 $12,280
2016 $1,237 $13,960 $2,790 $11,170
2015 $1,145 $12,960 $2,590 $10,370
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6298689

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-39-076